On 23 July 2015, the European Investment Bank (EIB) published the list of the projects submitted to the EIB for financing purposes.
One of these projects is an infrastructure fund targeting energy efficiency in UK commercial property rehabilitation. The fund will invest principally in existing buildings that need rehabilitation and energy efficiency upgrading, acquiring a limited number of office assets and rehabilitating them to reach energy efficiency performance above legally required levels.
This operation intends to bring environmental benefits by supporting projects that reduce energy consumption and help to mitigate climate change. The individual projects to be financed will apply sustainability principles to reach energy efficiency performance levels above those required by applicable regulations. The approximate amount of the proposed EIB financing is EUR 43 million (GBP 30 million).
The projects financed by this fund are expected to be owned by private companies, operating without exclusive or special rights, within the meaning of Utilities Directive 2004/17/EC. Therefore, the investments would not normally be obliged to follow public procurement procedures in order to satisfy the criteria of economy and efficiency.
For further information, please visit the relevant EIB website.